By inducing the typical inventory control problem - the bullwhip effect, this paper presents vendor managed inventory (VMI) control methods on the basis of traditional methods of inventory management methods, construc...By inducing the typical inventory control problem - the bullwhip effect, this paper presents vendor managed inventory (VMI) control methods on the basis of traditional methods of inventory management methods, constructs a VMI mathematics model, and analyzes the influence of VMI on inventory cost and channel profit. Finally, a special case is studied to verify that VMI is an effective supply chain strategy that can not only increase channel profit of supplier and customer but also improve full channel coordination, thereby reducing the bullwhip effect.展开更多
Public companies issue periodic annual reports to give information about the past financial and operational results while presenting the future strategies. Companies release non-financial information concerned with co...Public companies issue periodic annual reports to give information about the past financial and operational results while presenting the future strategies. Companies release non-financial information concerned with corporate sustainability issues like market share, customer loyalty, supply chain management, corporate governance, and human resources in annual reports as well as the audited financial reports. Annual reports, one of the important instruments of transparency and disclosure, are widely used by shareholders and stakeholders. Recent laws and regulations in the US, European Union, and Turkey require enhanced disclosures in annual reports. In the first part of this study, a comparative regulatory framework for annual reports will be established under the Sarbanes Oxley Act （SOX）, the Securities and Exchange Commission （SEC） filing requirements, the New Turkish Commercial Code, and regulations of Capital Markets Board （CMB） of Turkey. In the second part of this study, annual reports of four sample companies listed in the New York Stock Exchange （NYSE） and Corporate Governance Index of Borsa Istanbul will be discussed in the light of disclosure requirements of Form 20-F. Findings of this study support the hypothesis which states that regulatory environment has a positive impact on the quantity and quality of disclosures. Attention is drawn to the need for global standardization to reduce the reporting variances and the need for independent audit of annual reports to increase the reliability.展开更多
Mass customization (MC) is emerging as a competitive advantage of firms with the intensified competition and economic globalization.As a key feature of MC,postponement strategy postpones activities in the supply chain...Mass customization (MC) is emerging as a competitive advantage of firms with the intensified competition and economic globalization.As a key feature of MC,postponement strategy postpones activities in the supply chain until customer orders are received.This article provides a review of the literature on postponement from perspectives of research content and methodology.Taking postponement as a supply chain concept,this article specifically reclassifies the postponement applications according to the positioning of the customer order decoupling point (CODP) in the supply chain.Future directions for postponement research are also suggested in this article.展开更多
The violently penetration of renewables in power supply network leads to situations, by which the offer exceeds the demand. Therefore, it is necessary to include a system for processes＇ management. SmartGrid is a pla...The violently penetration of renewables in power supply network leads to situations, by which the offer exceeds the demand. Therefore, it is necessary to include a system for processes＇ management. SmartGrid is a platform over the power supply network. It is represented with its network and services, which also have to be managed. The paper aims to show the second stage of SmartGrid management modeling. It meets heterogeneous requirements of the actors--subscriber without photovoltaics, subscriber with photovoltaics, service provider, network operator, and network elements operator--to service and network management and is oriented to functional areas, covering the life cycle of power supply service： Design, Planning, Installation, Provision, Configuration, Maintenance, Performance, Accounting, Buying Up, Security and Subscriber Control. Functional models for existing networks--telecommunications--are used and they are adapted to power supply. The results are illustrated with three functional areas for service management： Accounting, Buying Up, and Performance. The synthesis of network management functions and network element management functions are similar.展开更多
Logistics is an important part of the supply chain and connect all aspects of the supply chain throughout it, which has become business cooperation ties. In the process of developing supply chain logistics strategy, g...Logistics is an important part of the supply chain and connect all aspects of the supply chain throughout it, which has become business cooperation ties. In the process of developing supply chain logistics strategy, generally require attention to the following questions： To segment customers, we should determine the appropriate level of customer service, such as order cycle, inventory levels and other modes of transport for different types of clients; Group products according to sales on them, we can take different strategies for each category of products. Order entry, order execution and delivery job processing accounted for a large proportion of logistics activities, which requires technology and management to make the entire processes of supply chain logistics more efficient, especially for the interface area between members of enterprises. We can eliminate redundant work by integrating flow, improve logistics efficiency.展开更多
文摘By inducing the typical inventory control problem - the bullwhip effect, this paper presents vendor managed inventory (VMI) control methods on the basis of traditional methods of inventory management methods, constructs a VMI mathematics model, and analyzes the influence of VMI on inventory cost and channel profit. Finally, a special case is studied to verify that VMI is an effective supply chain strategy that can not only increase channel profit of supplier and customer but also improve full channel coordination, thereby reducing the bullwhip effect.
文摘Public companies issue periodic annual reports to give information about the past financial and operational results while presenting the future strategies. Companies release non-financial information concerned with corporate sustainability issues like market share, customer loyalty, supply chain management, corporate governance, and human resources in annual reports as well as the audited financial reports. Annual reports, one of the important instruments of transparency and disclosure, are widely used by shareholders and stakeholders. Recent laws and regulations in the US, European Union, and Turkey require enhanced disclosures in annual reports. In the first part of this study, a comparative regulatory framework for annual reports will be established under the Sarbanes Oxley Act （SOX）, the Securities and Exchange Commission （SEC） filing requirements, the New Turkish Commercial Code, and regulations of Capital Markets Board （CMB） of Turkey. In the second part of this study, annual reports of four sample companies listed in the New York Stock Exchange （NYSE） and Corporate Governance Index of Borsa Istanbul will be discussed in the light of disclosure requirements of Form 20-F. Findings of this study support the hypothesis which states that regulatory environment has a positive impact on the quantity and quality of disclosures. Attention is drawn to the need for global standardization to reduce the reporting variances and the need for independent audit of annual reports to increase the reliability.
基金National Natural Science Foundation of ChinaMinistry of Science&Technology of China and Scientific and Technological Innovation Foundation for Graduate Students of Huazhong University of Science and Technology for the financial support through grant 79970026,a National 863/CIMS Scheme grant 2001AA414110 and grant YCJ-02-005 respectively.
文摘Mass customization (MC) is emerging as a competitive advantage of firms with the intensified competition and economic globalization.As a key feature of MC,postponement strategy postpones activities in the supply chain until customer orders are received.This article provides a review of the literature on postponement from perspectives of research content and methodology.Taking postponement as a supply chain concept,this article specifically reclassifies the postponement applications according to the positioning of the customer order decoupling point (CODP) in the supply chain.Future directions for postponement research are also suggested in this article.
文摘The violently penetration of renewables in power supply network leads to situations, by which the offer exceeds the demand. Therefore, it is necessary to include a system for processes＇ management. SmartGrid is a platform over the power supply network. It is represented with its network and services, which also have to be managed. The paper aims to show the second stage of SmartGrid management modeling. It meets heterogeneous requirements of the actors--subscriber without photovoltaics, subscriber with photovoltaics, service provider, network operator, and network elements operator--to service and network management and is oriented to functional areas, covering the life cycle of power supply service： Design, Planning, Installation, Provision, Configuration, Maintenance, Performance, Accounting, Buying Up, Security and Subscriber Control. Functional models for existing networks--telecommunications--are used and they are adapted to power supply. The results are illustrated with three functional areas for service management： Accounting, Buying Up, and Performance. The synthesis of network management functions and network element management functions are similar.
文摘Logistics is an important part of the supply chain and connect all aspects of the supply chain throughout it, which has become business cooperation ties. In the process of developing supply chain logistics strategy, generally require attention to the following questions： To segment customers, we should determine the appropriate level of customer service, such as order cycle, inventory levels and other modes of transport for different types of clients; Group products according to sales on them, we can take different strategies for each category of products. Order entry, order execution and delivery job processing accounted for a large proportion of logistics activities, which requires technology and management to make the entire processes of supply chain logistics more efficient, especially for the interface area between members of enterprises. We can eliminate redundant work by integrating flow, improve logistics efficiency.
